S. 220(2A) --Recovery of tax--Interest--Waiver of interest--Law applicable--Effect of amendment of section 220(2A) in 1984--Power to waive should be exercised judiciously--Finding that all conditions for waiver were satisfied--Waiver of part of interest--Not valid--E . M. Joseph v. Chief CIT (Ker) . . . 379

S. 271(1)(c) --Penalty--Concealment of income--Disallowance of payment to Registrar of Companies and payments on which tax deducted at source paid to Government after end of previous year--Assessee can raise contention in penalty proceedings that explanation plausible--Cancellation of penalty justified-- CIT v. AT & T Communication Services India P. Ltd. (Delhi) . . . 257